Does Inflation and High Taxes Increase Bank Leverage? [PDF]
Does the combination of inflation and high corporate taxes explain the increase in bank leverage in the 20th century? Inflation automatically increases bank debt, while high corporate taxes hinder capital accumulation.
Hortlund, Per
core
The Influence of ESG Controversies on Financing Costs for European Companies: Does Culture Matter?
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines the relationship between environmental, social, and governance (ESG) controversies and corporate financing costs, focusing on the moderating effect of national culture. It analyzes European companies listed on the STOXX 600 Index from 2016 to 2023.
Souad Brinette +2 more
wiley +1 more source
State and local business taxation: is there a better way? [PDF]
Over 80 academics, business leaders, and public policymakers came to the Federal Reserve Bank of Chicago on September 13, 2004, to explore how state and local governments tax business.
Rick Mattoon
core
Powering Transparency: Global Drivers of Sustainability Reporting in the Electricity Sector
Business Strategy and the Environment, EarlyView.ABSTRACT We examine the drivers of sustainability reporting quality (QSR), conceptualised along two complementary dimensions, relevance and reliability, to assess how firm‐level attributes and institutional conditions jointly shape disclosure practices in the electricity sector.
Alva Marasigan +3 more
wiley +1 more source
Long-run effective corporate income tax rates in banks: A case of the Republic of Serbia [PDF]
Bankarstvo, 2019 The effective tax rate (ETR) is one of the most widely used measures of corporate income tax burdens. Although it is usually calculated at the annual level, the concept of long-run ETRs became popular in the last decade.
Vržina Stefan
doaj
An implicit tax rate for non-financial corporations: Definition and comparison with other tax indicators [PDF]
This paper develops a macroeconomic implicit tax rate for non-financial corporations based on national accounts data. This indicator is compared with a more micro-oriented implicit tax rate based on accounting data collected in the BACH database (Bank ...
Claudius Schmidt-Faber
core
Funding Costs and Liquidity Creation: Does ESG Play Any Role?
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how banks' funding costs affect liquidity creation and whether environmental, social, and governance (ESG) performance shapes this relationship. Using panel data for 136 U.S. commercial banks from 2005 to 2022, we show that higher funding costs are associated with lower liquidity creation, indicating that more expensive ...
Sattam Bin Kowibeen +2 more
wiley +1 more source
Do bank stock prices efficiently reflect the information content in a key tax reform event?
Cogent Economics & FinanceThis study examines the behavior of bank stock prices in Jordan in relation to a significant tax reform event. We analyze a sample of all banks listed on the Amman Stock Exchange to study the market response to the Amended Income Tax Law 2018.
Ahmad Ahmad +4 more
doaj +1 more source
Starting a community development bank: a New Haven story [PDF]
With their ability to attract socially conscious investors to a community bank and provide tax deductions, nonprofits could become increasingly pivotal in making financial services available to low- and moderate-income communities.Community banks ...
Peggy Delinois Hamilton
core
The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown [PDF]
, 2012 During the financial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy.
Johannesen, Niels, Zucman, Gabriel
core +2 more sources